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Rhode Island Free Printable 2023 RI-2210 for 2024 Rhode Island Underpayment of Estimate

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Underpayment of Estimate
2023 RI-2210

State of Rhode Island Division of Taxation 2023 Form RI-2210 23101299990101 Underpayment of Estimated Tax by Individuals, Estates Name(s) shown on Form RI-1040, RI-1040NR or RI-1041 Your SSN or FEIN CHECK THE APPROPRIATE BOX IF EITHER OF THE CIRCUMSTANCES BELOW APPLY: TAXPAYER IS A FARMER OR FISHERMAN TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD (RI-2210, Part 5) PART 1 - REQUIRED ANNUAL PAYMENT 1 Enter your 2023 RI income tax from RI-1040, line 10a less lines 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14a 2 Enter 80% of the amount shown on line 1................................................................................. 2 1 3 RI withheld taxes paid for 2023 from RI-1040, line 14a, RI-1040NR, lines 17a and 17c or RI-1041, lines 15a and 15c...................... 4 Subtract line 3 from line 1. If the result is $250.00 or less, do not complete the rest of this form........................................................ 5 Enter your 2022 RI tax from RI-1040, line 10a less line 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14A........... 3 5 6 Enter the SMALLER of line 2 or line 5.................................................................................................................................................. 6 4 PART 2 - SHORTCUT METHOD You can use this method if you meet the following conditions (Otherwise, you must complete parts 3 and 4 to figure your underestimating interest): 1 2 You made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates; AND you did not complete RI-2210, part 5 (Annualized Income Installment Worksheet). 7 Enter the amount from Part 1, line 6 above................................................................................................................. 8 9 10 11 Total withholding and estimated tax you paid - RI-1040, lines 14a and 14b, RI-1040NR, lines 17a, 17b and 17c or RI-1041, lines 15a, 15b and 15c. 7 8 Underpayment. Subtract line 8 from line 7. If zero or less, enter $0.......................................................................... 9 Multiply line 9 by 8.0046% (0.080046)......................................................................................................................... 10 If the amount on line 9 was paid on or after 4/15/2024, enter $0 If the amount on line 9 was paid before 4/15/2024, make the following calculation: The amount on line 9 (times) the number of days paid before 4/15/2024 (times) 0.000328 and enter the result here..... 11 12 UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1040, line 15b, RI-1040NR, line 18b or RI-1041, line 16b. 12 PAYMENT DUE DATES PART 3 - FIGURE YOUR UNDERPAYMENT Column A 04/15/2023 13 Divide the Amount on line 6 by four (4)and enter the result in each column.. 13 14 Annualized income installments from Part 5, line 33. NOTE: Complete lines 15 through 17 in one column before completing the next column.................. 14 15 Enter the amount from line 13 or line 14 if applicable .................................... 15 16 Rhode Island tax withheld and estimated tax paid. If line 16 is equal to or more than line 15 for all installment periods, do not complete or file this 16 form unless you report annualized income installments on line 14 ................ 17 UNDERPAYMENT. Subtract line 16 from line 15 OR OVERPAYMENT. Subtract line 15 from line 16.................................................. 17 Page 1 Column B 06/15/2023 Column C 09/15/2023 Column D 01/15/2024 State of Rhode Island Division of Taxation 2023 Form RI-2210 IMAGEONLY Underpayment of Estimated Tax by Individuals, Estates Name(s) shown on Form RI-1040, RI-1040NR or RI-1041 Your SSN or FEIN PART 4 - HOW TO FIGURE THE CHARGES PAYMENT DUE DATES Column A 04/15/2023 Column B 06/15/2023 18 Payment date or date listed in instructions for line 18, whichever is earlier... 18 MMDDYY MMDDYY 19 a Number of days from the installment date to the date of payment or the due days days date of the next installment, whichever is earlier (see instructions) ............... 19a b Number of days on line 19a X 12% X underpayment on line 17.................... 365 19b 20 a Number of days from January 1, 2024 to the date of payment or January 15, 2024 whichever is earlier ......... 20a b Number of days on line 20a X 12% X underpayment on line 17 ....................................................................... 366 20b Column C 09/15/2023 MMDDYY Column D 01/15/2024 MMDDYY days days days 21 a Number of days from January 15, 2024 to the date of payment or April 15, 2024, whichever is earlier...................................... 21a b Number of days on line 21a X 12% X underpayment on line 17 ................................................................................................. 366 21b 22 UNDERESTIMATING INTEREST. Total amount from all columns on lines 19b, 20b and 21b. Enter here and on RI-1040, line 15b, RI-1040NR, line 18b or RI-1041, line 16b. Attach this form to your Rhode Island return ................................................... 22 Part 5 Annualized Income Installment Worksheet IMPORTANT: Complete one column lines 23 - 33 before completing the next column. 23 Figure your actual taxable income ........................................................................... 24 Annualization amount...................... ........................................................................ 25 Multiply the amount on line 23 by the indicator on line 24 ....................................... 26 Figure your Rhode Island tax on the amount on line 25 .......................................... 27 Applicable percentage............................................................................................. 28 Multiply the amount on line 26 by the applicable percentages on line 27..................... 29 Enter the combined amount from line 33 for all preceding periods............................... 30 Subtract line 29 from line 28 (not less than zero) .................................................... 31 Enter the amount from RI-2210, page 1, line 13 for the period plus the amount from line 32 of this worksheet for the preceding period ........................................... 32 If line 31 is more than line 30, SUBTRACT line 30 from line 31, OTHERWISE enter $0 33 Enter the smaller of line 30 or line 31 here and on page 1, line 14............................. Page 2 Column A Column B Column C Column D 01/01/2023 03/31/2023 01/01/2023 05/31/2023 01/01/2023 08/31/2023 01/01/2023 12/31/2023 4 2.4 1.5 1 20% 40% 60% 80% State of Rhode Island Division of Taxation 2023 Form RI-2210 Underpayment of Estimated Tax by Individuals, Estates PURPOSE OF THIS FORM Individuals should use this form to determine if their income tax was sufficiently prepaid throughout the year by having Rhode Island tax withheld or by paying Rhode Island estimated tax. If not, a charge may be imposed on the underpayment of the taxes. Complete Part 1 of this form to determine if the payment of the charge may be avoided. If you are a farmer or fisherman, or are using the annualization of income method, check the appropriate box at the top of the form. FARMER AND FISHERMAN If you meet both of the following tests, you may be exempt from the charge for underpayment of estimated tax: 1Gross income from farming or fishing is at least two thirds of your annual gross income; and, 2 Filed Form RI-1040 or RI-1040NR and paid the tax due on or before March 1, 2024. If you meet both of the tests, enter zero on Form RI-2210, line 22, as well as on RI-1040, line 15b or RI-1040NR, line 18b. Otherwise, substitute 66.67 % for 80% on Part I, line 2 and complete Part 1 and Part 3, Column D of this form. Enter all Rhode Island withholding and estimates paid in Column D. Attach this form to your return or mail to RI Division of Taxation if the return has been previously filed. ESTATES Estates are not required to file a declaration of estimated tax for the first two years after a decedent’s death. If the estate qualifies for this exemption from remitting payments and is not subject to the charge for underestimating interest, enter zero on Form RI-2210, line 22, as well as on RI-1041, line 16b. PART 1 - REQUIRED ANNUAL PAYMENT Line 1 - Enter your 2023 RI tax from RI-1040, line 10a less lines 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14a. Line 2 - Enter 80% of the amount shown on line 1. Line 3 - Enter your 2023 RI taxes withheld from RI-1040, line 14a , RI1040NR, lines 17a and 17c or RI-1041, lines 15a and 15c. Line 4 - Subtract line 3 from line 1. If the result is $250.00 or less you do not owe any amount and need not complete the rest of this form. Line 5 - Enter your 2022 RI tax - RI-1040, line 10 less lines 14d and 14e, RI-1040NR, line 13 less line 17d, or RI-1041, line 14A. If you had no federal tax liability for 2022 and you were a Rhode Island resident during all of 2022, and your 2022 federal tax return was (or would have been had you been required to file) for a full 12 months, then enter zero (0). Line 6 - Enter the smaller of line 2 or line 5 (including zero). If line 6 is zero, you do not owe any amount and need not complete the rest of this form. However, you must attach this form to your Rhode Island return. PART 2 - SHORTCUT METHOD Line 7 - Enter the amount from line 6. Line 8 - Enter the total amount of estimated tax and withholding tax you paid for 2023 (RI-1040, lines 14a and 14b, RI-1040NR, lines 17a, 17b and 17c or RI-1041, lines 15a, 15b and 15c). Line 9 - Subtract line 8 from line 7. Line 10 - Multiply line 9 by 8.0046% (0.080046). Line 11 - If you paid the tax balance after 4/15/2024, enter zero (0). If you paid the tax balance due before 4/15/2024, multiply the number of days paid before 4/15/2024 by the amount on line 9 and by 0.000328 and enter the result on line 11. Line 12 - Subtract line 11 from line 10. Enter here and on RI-1040, line 15b, RI-1040NR, line 18b or RI-1041, line 16b. PART 3 - FIGURE YOUR UNDERPAYMENT Line 13 - Divide the amount shown on line 6 by four (4) and enter the result in each column. Line 14 - If your income varies during the year, you may complete the annualized income installment worksheet. However, if you complete and use line 14 for any installment you must complete it and use it for all installments. NOTE: COMPLETE LINES 15-17 FOR ONE COLUMN BEFORE COMPLETING THE NEXT COLUMN. Line 15 - Enter the amount from line 13 (or from line 14, if line 14 was completed). Line 16 - You are considered to have paid Rhode Island withholding tax evenly during the year unless you can show otherwise. Therefore, you are considered to have paid one-fourth of your Rhode Island withholding on each installment due date. Divide the total amount withheld by 4 and enter the results in each column. Enter the estimated taxes paid that were for 2023 tax year plus any portion of your overpayment from 2023, which you elected to be applied to 2023. Enter in column A those payments made on or before April 15, 2023, in column B those payments made between April 16, 2023 and June 15, 2023, in column C those payments made between June 16, 2023 and September 15, 2023, and in column D those payments made between September 16, 2023 and January 15, 2024. If you filed your return on or before January 31, 2024 and paid the tax balance in full, then enter that amount in column D. This only applies to those taxpayers who either were not required to make a Rhode Island estimated tax payment prior to the January 15, 2024 installment date or included their January 15, 2024 installment payment with the tax balance paid on or before January 31, 2024. Line 17 - Subtract line 16 from line 15 for any underpayments. Subtract line 15 from line 16 for any overpayments. Any overpayments on line 17 should be used to increase the amount entered on line 16 for the next installment period. Any underpayment on line 17 should be used to decrease the amount on line 16 for the next installment period. However, if you entered amounts on line 14, annualized income installments, and the amounts on line 17 are zero ($0) or less for all installment periods, then enter zero ($0) on line 22 and file this form with your return. PART 4 - HOW TO FIGURE THE CHARGE Line 18 - Column A: Enter the date you paid the tax balance due for the current installment or 6/15/2023, whichever is earlier. Column B: Enter the date you paid the tax balance due for the current installment or 9/15/2023, whichever is earlier. Column C: Enter the date you paid the tax balance due for the current installment or 12/31/2023, whichever is earlier. Column D: Enter the date you paid the tax balance due for the current installment or 4/15/2024, whichever is earlier. Line 19a - Column A & Column B: Enter the number of days from the installment due date to the date of payment or the due date of the next installment, whichever is earlier. Column C: Enter the number of days from the installment due date to the date of payment or January 1, 2024, whichever is earlier. Line 19b - Compute the charge using the applicable interest rates and number of days times underpayment entered on line 17 for each installment period. Divide the number of days from line 19a by the total number of days in the year times the applicable interest rate times the amount of the underpayment on line 17 for each installment. Line 20a - Enter the number of days from January 1, 2024 to the date of payment or January 15, 2024, whichever is earlier. Line 20b - Compute the charge using the applicable interest rates and number of days times underpayment entered on line 17 for each installment period. Divide the number of days from line 20a by the total number of days in the year times the applicable interest rate times the amount of the underpayment on line 17. Line 21a - Enter the number of days from January 15, 2024 to the date of payment or April 15, 2024, whichever is earlier. Line 21b - Compute the charge using the applicable interest rates and number of days times underpayment entered on line 17 for each installment period. Divide the number of days from line 21a by the total number of days in the year times the applicable interest rate times the amount of the underpayment on line 17. The interest rate to be used is 12% per annum Line 22 - Add the amounts from all columns on lines 19b, 20b and 21b and enter the total here. Include this amount with your tax balance payment and attach this form to your return. If your Rhode Island tax return has previously been filed, then attach your check to this form and mail it to the RI Division of Taxation, One Capitol Hill, Providence, RI 02908-5806.
Extracted from PDF file 2023-rhode-island-form-2210.pdf, last modified April 2012

More about the Rhode Island Form 2210 Individual Income Tax TY 2023

We last updated the Underpayment of Estimate in February 2024, so this is the latest version of Form 2210, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 2210 directly from TaxFormFinder. You can print other Rhode Island tax forms here.


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Related Rhode Island Individual Income Tax Forms:

TaxFormFinder has an additional 78 Rhode Island income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Rhode Island Form 2210.

Form Code Form Name
Form RI-2210C 2210 for composite return
Form 2210A Underpayment Of Estimated Tax By Shortcut Method
Form 2210PT 2210 for passthrough transmittal

Download all RI tax forms View all 79 Rhode Island Income Tax Forms


Form Sources:

Rhode Island usually releases forms for the current tax year between January and April. We last updated Rhode Island Form 2210 from the Division of Taxation in February 2024.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Rhode Island Form 2210

We have a total of twelve past-year versions of Form 2210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 2210

2023 RI-2210

2022 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2021 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2020 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2019 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2018 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2017 Form 2210

Microsoft Word - Incentive and Credit Overview for DLT

2016 Form 2210

2016 RI-2210_Layout 1

2015 Form 2210

2015 RI-2210_Layout 1

Underpayment of Estimate 2014 Form 2210

2014 RI-2210_Layout 1

Underpayment of Estimate 2013 Form 2210

2013 RI-2210_Layout 1

2012 Form 2210

2012 RI-2210.qxp


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